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iRobot Shares Crash As Going Concern Raises "Substantial Doubt" About Ability To Operate
iRobot Shares Crash As Going Concern Raises "Substantial Doubt" About Ability To Operate iRobot's shares crashed by as much as 40% in early cash trading in New York after the maker of robotic household vacuums issued a going concern warning for the next 12 months following a dismal fourth-quarter earnings report. Let's begin with four quarter earnings. Irobot reported wider-than-expected losses and revenue that missed the average estimates tracked by Bloomberg Consensus.
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